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HomeMy WebLinkAbout2009-034 Provence Say I � MODIFICATION TO CONTRACT FOR CONSTRUCTION OF REQUIRED SIDEWALK IMPROVEMENTS NO . SD -04 - 10 -46 =SIDECFC (2004020217 -51666 ) _ THIS MODIFICATION , made and entered into this 16' hday of February , 2009 , by and between CENTEX HOMES , a Nevada general partnership, hereinafter referred to as " Developer'' , and INDIAN RIVER COUNTY , a political subdivision of the State of Florida , by and through its Board of County Commissioners , hereinafter referred to as " County" . WITNESSETH WHEREAS ; Developer entered into a Contract for Construction of required Sidewalk Improvements No .. 8D -04-10 -46 - SIDECFC (2004.020217 - 51666 ) guaranteeing the completion of certain required sidewalk . improvements on or before December 12 , 2008 and posted a SunTrust Bank Irrevocable Letter of Credit No . P00378.6 in the amount of $ 269 , 790 . 00 as security to guarantee completion ; and WHEREAS , a portion of sidewalk-improvements has been completed ; and WHEREAS , the developer has requested an additional two - year extension to December 12 , 2010 to complete the remaining required sidewalk improvements ; NOW , THEREFORE , IN CONSIDERATION OF THE MUTUAL COVENANTS AND. PROMISES HEREIN CONTAINED , the parties agree as follows : 1 . . The date for co. mple`tion of the required sidewalk improvements as outlined in the Contract for Construction of Required Sidewalk Improvements No . SD -04 - 10 -46 - SIDECFC ( 2004020217- 51666 ) is extended to December 12 , 2010 . 2 . The . SunTrust Bank Irrevocable Letter of Credit No . P003786 in the amount of $269 ;790 . 00 on deposit for internal and external sidewalks representing 125 % of the remaining sidewalk improvements to be completed must be amended rto reflect the named beneficiary ' s change of address to 1801 27 "' Street , Vero Beach , Florida 32960 . Said amendment must be received by the County Attorney ' s Office in acceptable form no Later than 5 : 00 p . m . on April 15 , 2009 or this Modification will be deemed null and void , the Developer will be in default , and the letter of credit will be called . Provence Bay CONTRACT FOR CONSTRUCTION OF REQUIRED SIDEWALK IMPROVEMENTS NO , SD - 04 = 10 =46wSIDECFC ( 2004020217 - 51666 ) THIS CONTRACT , made and entered into this 12th day of December , 2006 , by and between CENTEX HOMES , a Nevada general partnership , hereinafter referred to as " Developer" , and INDIAN RIVER COUNTY , a political subdivision of the State of Florida , by and through its Board of County Commissioners , hereinafter referred to as " County " . WITNESSETH : WHEREAS , Developer is commencing proceedings to effect development of land within Indian River County , Florida ; and WHEREAS , a Final Plat for the development within the unincorporated area of Indian River County shall not be approved until the Developer has installed the required improvements or has guaranteed to the satisfaction of the County that such improvements will be installed ; and WHEREAS , the required sidewalk improvements are to be installed after Final Plat approval , under guarantees posted with the County . NOW , THEREFORE , IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as follows : _1 . _ Developer agrees to._co_ nstruct by_December .12 ,_ 2008 , a date being within two years of approval of Final Plat , in a good and workmanlike manner , those improvements described as follows : See Exhibit " A " attached hereto , or otherwise required by the Code of Laws and Ordinances of Indian River County in connection with the approved Preliminary Plat and Land Development Permit , which are incorporated by reference into this contract . Z . Developer agrees to construct said improvements strictly in accordance with County policies for sidewalk construction as those policies relate to location , methoa' and tripe of construction , and all County development 7 r .uorneylts! ancy� L)Ui bay sins !: . duc 1 t. . it r. r l r[ 1111 - 1 ;:l CJ - C� r� C-, .1111 .- 1_r l - . _ =.r laJ � .. 1 � (_ 1 �t) •ql � I I ' 1 rl � , I H , , , , 1 (.ra aY; .. 1 L " J _1 7 L174i Cf, i' ' '•' _ [ r IBJ �3' l ' C cn C - F� 7 ?� '? .•. f7l : I ./" ' `_ I i t l f,1 I f[J ^( � t C<; 7 ' ,[:� � �L; r Z 1 CLl 'i l •. . 7 L q 7, '-+ s•-1 '_J :�, ,"•-t ;.7-. C- ' U-1 ;A4` . (a: !>_I e ; It1 :i� C(7 .�; 01 (y ` _ } - r 911% l L regulations and standards , including conditions and requirements of any applicable County right-of-way permit , all of which are hereby incorporated by reference and made a part hereof. 3 . In oder to guarantee performance of this contract , Developer shall simultaneously herewith furnish an irrevocable letter of credit , having an expiration date of not less than ninety ( 90 ) . days beyond the date set forth in Paragraph 1 , provided by a banking institution authorized to transact such business in this state , in a form to be approved by the . County , naming Developer as customer and ; as the underwriting bank , in the amount of $ 269 , 790 , 00 , which amount is not less than one hundred twenty-five percent ( 125 % ) of the estimated . total cost of improvements remaining to be constructed , as determined in accordance with the County' s Subdivision and Platting Ordinance . It is understood that the full amount of the letter of credit shall . remain available to the County and shall not be reduced during the course of construction without an express written modification thereof executed by all parties . Requested reductions _ shall not be unreasonably withheld by the County , but shall be . subject to administrative fees as established by the County . Developer may at any time substitute guarantees, subject to the approval as to formandamount . by the County . 4 . Up to $ 1 , 000 , 000 . 00 , or the limits of any applicable underlying or excess insurance coverage carried by Developer or to. be obtained during the course of the construction of the subdivision improvements , Developer agrees to indemnify , hold harmless , and defend the County against any and all claims , damages , losses , and expenses , including attorney' s fees , for property damage , personal or bodily injury , or loss of life , arising from the negligent acts or omissions of the Developer , its officers , employees , agents , or contractors , subcontractors , laborers. , or suppliers , relating to the construction of the required sidewalk improvements , including all those improvements to be constructed on existing publicly dedicated or County owned property . 5 . The County agrees to approve the Final Plat , upon a finding as to- compliance with all applicable provisions of the County' s Development Regulations and Ordinances and upon execution hereof. However , nothing herein shall be construed as creating an obligation upon the County to perform any act or construction . or . maintenance until such . time as the required . improvements are satisfactorily completed . Satisfactory completion in accordance with the land development permit , plans , specifications , and ordinance requirements of Indian River County shall be determined by the County and shall be indicated by specific written approval of the Public Works Director or his designated representative , after receipt of a signed and sealed Certificate of Completion from the project engineer of record . F :� norneylNanep\ Dii �SiPL7lvAprnvence bz side ]c. dnc 6 . The County agrees to issue building permits and Certificates of Occupancy prior to the installation of required sidewalk improvements so long as Developer is not in default of the terms of this Contract . 7 . In the event the Developer shall fail or neglect to fulfill its obligations under this contract and as required by the Code of Laws and Ordinances of Indian River County , Florida , the Developer , as principal , and the letter of credit shall be jointly and severally liable to pay for the cost of construction and installment of the required improvements to the final total cost , including but not limited to engineering , construction , legal and. contingent costs , including reasonable attorney' s fees incurred by the County , together with any damages , either direct or consequential , which the County may sustain as a result of the failure of Developer to carry out and execute all provisions of this contract and applicable ordinances of the County . In no event ; however , shall the liability of the underwriting bank under this paragraph exceed the total amount of the original obligation stated in the letter of credit , less any approved reductions thereto . 8 . The parties agree that the County at its option shall have the right , but not the obligation , to construct and install or , pursuant to receipt of competitive bids . cause to be constructed and installed the required improvements in the event Developer shall fail or refuse to do so in accordance with the terms of this contract . Developer expressly agrees that the County may demand and draw upon the existing letter of credit for the final total cost of the improvements . Developer shall remain wholly liable for any resulting deficiency , should the letter of credit be exhausted prior to completion of the required improvements . In no event shall the County be obligated to expend public funds , or any funds other than those provided by the Developer : or the letter of credit to construct the required improvements . 9 . Any letter of credit provided to the County by Developer with respect to this contract shall exist solely for the use and benefit of the County and shall not be construed or intended in any way , expressly or impliedly , to benefit or secure_ payment to any subcontractor , laborer , materialman , or other party providing labor , material , supplies , or services for construction of the required improvements , or to ' benefit any lot purchaser( s ) , unless the County shall agree otherwise in writing . _ 10 . This agreement is the full and complete understanding of the parties and shall not be construed or amplified by reference to any other agreement , discussion , or understanding , whether written or oral ; except as specifically mentioned herein . This agreement shall not be assigned without the express written approval of the County . Any amendment , deletion , modification , extension , or rEvisior hereof Or hereto shall be in writing , executed by authorized representatives of both parties . ",.ti ttci -"`d'; anc; 1UU S1P Lr.I !\^. u` Cll (: � u1_r S . : ILdDC IN WITNESS WHEREOF , the parties hereto have set their hands and seals on the day and year first above written . CENTEX HOMES , a Nevada general WITNESSES : partnership DEVELOPER By CENTEX REAL ESTATE CORPORATION , a Nevada corporation Maw n� a nor print na r'� B 1 sign :~, Division P esid nt print namerM ,,.,,., t u.� �� � printed name IJ INDIAN RIVER COUNTY , FLORIDA By �� . -���� /J seph k . Baird Cpounty Administrator Authority : Resolution 2005 - 121 COUNTY BCC approved plat : 12 / 1 / , APPROVED AS TO FORM AND LEGAL SUFFICIENCY : `rian E . Fell Assistant County Attorney - : �� ttor: } 1Pdan v% DGCSTLAIJ\Picvoncc ba,, slue i; du . & ASSOCItiTES , INCORPORATED November 16 , 2006 901 hlORTHEmxT PARKWAY. SUITE 204 WEST Peru BEki FLORIDA 33401 5665 - 663 - 7101 Fax : 561- 683 - 7102 WWW. ESACORPORet6 . Ooq Job No : 1CH - 5 X51617 ;: O Mr . John W . McCoy , AICP ip Indian River County r 1840 25th Street Vero Beach , Florida 32960 Subject : Provence Ba Major Site Plan and Preliminary Plat Application Project Number : 2004020217 Internal Sidewalk Cost Estimate Revised - - Dear Mr . McCoy : As required by Condition #2 of the above - mentioned application , below Is a cost estimate Tor the internal four (4 ) foot sidewalks : 32 , 620 square feet @ $ 5 . 10 square feet = $ 166 ; 362 . 00 Z > L The security amount to be posted is one hundred and twenty five ( 125 ) percent of the estimated cost above , or 5207 , 952 . 50 . Please contact our office at ( 561 ) 68 ' _ 7101 , if you have any questions or require additional information regarding this matter . Sincerely , 5f6yen_ ; M . , Pav;lyk. P . E . . . . Regional Manager : Florida - License No: 61.800 Certificate of Authorization # 1221 SMP:tam c : Richard Reace , Centex Homes — Southeast Florida Division File r: ; 6i ` LJ Page 1 Oi C) F. L f. hU is u .n n , ., , ., . : va6n •, u ,lr :c - 69C ` O � ' Ii IViaG ii J : I .• �. c = olid` JR _ AM1: p _^^. . r - OP. D ] 26G , Cis _ ;. 11o (! 'l, CQ > sT ` :' EST P ; LF] SEn CH lel q; � ©\ d� V 2006 . Bow YE"SiNGLE `oN M, Y �� & AINCORPORATED Gr1 +r'1tP est f ( ,2 ���i:. November 16 , 2006 �g L � �Jy BOA NOMPOINT PARKWAY, SUITE 204 WESTPAIN BEACf1 . FLORIDA 33407 r hv ,1 5 '01 = 683- 7101 Fan : 561 - 683 - 7102 WWW. DSACORPORAl E . 00LP c U Job No : I CH - 5 � Mr , John W . McCoy , AICP Indian . River County 184025 1h Street Vero Beach , Florida 32960 Subject : Provence Bay Major. Site. Plan and , Preliminary Plat Application Project Number : 2004020217- External Sidewalk 004020217External -Sidewalk Cost Estimate Dear . Mr. McCoy : As required by Condition #2 of the above- mentioned application , below is a cost estimate for the externai nve ( 5 ) foot sidewalk along Indian River Boulevard : V; 9 , 700 square feet @ 65 . 10 / square feet = S49 , 470 . 00 The security amount to be posted is one hundred and twenty five ( 125 ) percent of the estimated cost above , or $ 61 , 837 . 50 . Please contact our office at ( 561 ) 683 - 7101 , if you have any questions or require additional information regarding this matter. Sincerely , Steven: lyl . PaWyk,;-P:E . , F;egio�i:21 Office Manager. .: - Florida 'Licens e No '_6.I8Q�; - — - Certificate of Authuizafion # 1. 221 SMP:tam 1 C1 , :1.5/Corn�2L�28 c : Richar.'d . Reace , Centex Homes — Southeast Florida Division File 4Ru till I \y' r!I i 10: �� if Page 2 0 U RLANOG Cory o : a : 1, neva qv .-. r. ins • r - + SOU 'r .: MACNOLIA 4v _ riuC UI: LFNoG , FuoRioF i ? 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